$49 Billion Fund Manager Launches Bitcoin ETN in Europe
American investment management firm VanEck today announced the launch of its Bitcoin exchange-traded note (ETN) product for the European market, as per a release. The product shall use pricing data from financial services firm MV Index Solutions.
The Bitcoin ETN will allow investors to gain exposure to, or bet on the price movements, of Bitcoin—as opposed to buying “spot” Bitcoin on unregulated crypto exchanges and having to deal with security, regulatory, and storage issues.
Learn more about the news here. (https://decrypt.co/49488/49-billion-fund-manager-launches-bitcoin-etn-in-europe)